3ig Fish Company's inventory records for its retail division show the following at May 31 : (Click the icon to view the accounting records.) At May 31,10 of these units are on hand. Big Fish Company calculated its cost of goods sold using LIFO as $2,240 and its cost of goods sold using FIFO as $2,144. Read the requirement. How much in taxes would Big Fish Company, save by using the LIFO method versus FIFO? Sales revenue is $7,350, operating extenses are $1,600, and the income tax rate is 25%. (Round your answer to the nearest cent.)